NEW BEDFORD LIGHT

EIN: 862407296 501(c)(3) Arts, Culture & Humanities

NEW BEDFORD, MA

Total Revenue
$1,997,307
Total Expenses
$1,672,053
Total Assets
$1,639,269
Net Assets
$1,588,951
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MA
Principal Officer
DANIELA F MELO
Phone
6172762669
Tax Period
2023-01-01 to 2023-12-31

NEW BEDFORD LIGHT, founded in 2020, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $325K, a strong 16% operating margin.

Mission

WE SEEK TO INFORM AND NOURISH THE CIVIC CULTURE OF NEW BEDFORD AND SURROUNDING TOWNS BY PROVIDING IN-DEPTH, FACT-BASED JOURNALISM AND A BROAD PLATFORM FOR DIVERSE COMMUNITY VOICES. THROUGH OUR INNOVATIVE JOURNALISM INCUBATOR PROJECT WE PROMOTE MEDIA LITERACY AND EDUCATE THE PUBLIC ABOUT THE VITAL ROLE OF A FREE PRESS IN BOLSTERING OUR DEMOCRACY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,973,614
Program Service Revenue $0
Investment Income $7,715
Other Revenue $15,978
TOTAL REVENUE $1,997,307

Expense Breakdown

Grants Paid $62,735
Salaries & Benefits $1,128,775
Fundraising Expenses $0
Program Expenses $1,160,168
Other Expenses $480,543
TOTAL EXPENSES $1,672,053

Year-over-Year Comparison

2023 2022 Change
Revenue $1,997,307 $1,562,111 +0.3%
Expenses $1,672,053 $1,132,041 +0.5%
Net Income $325,254 $430,070 -0.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
11
Employees
17
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$111,398
Total Directors
12
$68,501
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW TOMOLONIS EDITOR 40.00
Highest
$101,667 $0 $101,667
LEAN O CAMARA CHIEF EXECUT 32.00
Officer
$87,598 $0 $87,598
BARBARA ROESSNER DIRECTOR 40.00
Director
$68,501 $0 $68,501
COLLEEN TRAHAN CHIEF ADMINI 23.00
Officer
$23,800 $0 $23,800
JOEL ALVORD TREASURER N/A
Officer Director
$0 $0 $0
CHARLES BARMONDE DIRECTOR N/A
Director
$0 $0 $0
LORETTA BLAKE CLERK N/A
Officer Director
$0 $0 $0
JEANNE COSTA DIRECTOR N/A
Director
$0 $0 $0
LLOYD MACDONALD DIRECTOR N/A
Director
$0 $0 $0
DANIELA F MELO PRESIDENT N/A
Officer Director
$0 $0 $0
LYNNE DELUCIA MILLEA DIRECTOR N/A
Director
$0 $0 $0
WALTER ROBINSON DIRECTOR N/A
Director
$0 $0 $0
ANTHONY SAPIENZA DIRECTOR N/A
Director
$0 $0 $0
STEPHEN TAYLOR CEO 40.00
Officer Director
$0 $0 $0
GREGORY TORRES DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,997,307 $1,672,053 $1,639,269 $325,254
2022 $1,562,111 $1,132,041 $1,301,997 $430,070
2021 $993,896 $313,326 $680,570 $680,570
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